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260 Broadway
FINANCED

Sunmark Provides $2.8M Acquisition Loan For Office Building In Saratoga Springs

260 Broadway

Office
clock iconFinanced 1 year ago
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Summary

Loan
NEW YORK
Office

260 Broadway, located in Saratoga Springs, was recently involved in a loan transaction. The property, an office asset, was part of an acquisition that took place on November 28, 2022. The lender for this transaction was Sunmark, providing a loan amount of $2,800,000. The loan terms include an 80% loan-to-value ratio, a rate of 5.61%, a 10-year term, and a 25-year amortization.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $2,800,000
  • Date: 11/28/2022
  • Address: 260 Broadway
  • Market: Saratoga Springs
  • Lender: Sunmark

Colin Mitchell, representing SCOPE Capital Group, played a key role as the broker in this loan transaction. The landlord of the property is Capital Companies NY. The loan's acquisition was facilitated by Colin Mitchell, showcasing his expertise as a broker specializing in office assets.

Players

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    3

  • Agents

    1

  • Agencies

    1

  • Lenders

    1

Colin Mitchell's profile picture
Colin Mitchell
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Loan Production Officer

Details

Deal Summary
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FINANCED
IMAGE: Colin Mitchell DATE: 11/28/2022 ADDRESS: 260 Broadway MARKET: Saratoga Springs ASSET TYPE: Office LENDER: Sunmark LANDLORD: Capital Companies NY BROKER: Colin Mitchell (@MitchellMortgage) - SCOPE Capital Group (@ScopeCapitalGroup) LOAN AMOUNT: $2,800,000 LOAN TYPE: Acquisition LOAN TERMS: 80% LTV | 5.61% Rate | 10-Year Term | 25-Year Amortization

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Address260 Broadway

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